Fixed income

Schemes should steer clear of UK government bonds if they want to maintain the real value of their capital and secure a positive real income, AXA Investment Managers warns.

Inflows into fixed income will slow this year as fears over duration risk drive investors into other asset classes, rating agency Fitch says.

EUROPE - Plans by the European Union to introduce Solvency II- type regulations to the pensions industry could hinder investments in real estate, delegates at the European Association for Investors in Non-listed Real Estate Vehicles (INREV) seminar heard....

FRANCE - Fonds de reserve pour les retraites (FRR) has put a series of fixed income mandates out to tender.

Aviva Investors has appointed Raphaelle Moysan to the new role of client portfolio manager for fixed income.

Schemes are continuing to reduce investment risk by shifting towards gilts and fixed interest and away from equities, data from the Purple Book reveals.

US - California Public Employees Retirement System (CalPERS) saw its investments rise 13.3% in the year to June, beating its estimated return by almost two percentage points.

Schroders has appointed Philippe Lespinard to the newly created role of chief investment officer for fixed income.

Pension funds are looking for more control over how their fixed income benchmarks are constructed, as Raquel Pichardo-Allison reports

GLOBAL - Pension funds will become bigger investors in leveraged loans because the asset class provides more stable returns than equity and high-yield bonds, according to Harbourmaster Capital Management.